Norges Bank Acquires Shares of 521,516 Zebra Technologies Co. (NASDAQ:ZBRA)

Norges Bank bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 521,516 shares of the industrial products company's stock, valued at approximately $201,420,000. Norges Bank owned 1.01% of Zebra Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its position in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC bought a new position in shares of Zebra Technologies during the 4th quarter valued at $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the 4th quarter worth $31,000. Avalon Trust Co bought a new stake in shares of Zebra Technologies in the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

ZBRA stock traded up $4.50 during midday trading on Wednesday, hitting $287.57. The company's stock had a trading volume of 319,023 shares, compared to its average volume of 399,645. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 28.25 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a 50 day moving average of $327.01 and a two-hundred day moving average of $365.29.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup initiated coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Barclays cut their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Finally, Robert W. Baird decreased their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company's stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.